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I don't understand the massive price rises on generic drugs.
IF there are multiple producers of generics, wouldn't competitive pricing make such rises unsustaianable?
Or is this just a very rough free market tactic by a generic manufacturer with no current competition?
I wonder how quickly a generic manufacturer could rapidly realign production?
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Our problem down here is the Trans Pacific Partnership looking to break up the buying monopoly called Pharmac which bulk purchases all pharm and splits it up to all of our regional district health boards.
TPP will try to force buying by district health boards.
Same pharm purchased, but in local/regional split/lower quantities resulting in higher prices.
One of the reasons it's not very popular down here.
I'm all for Pharm profit, what else wil pay for new/future drugs?
But I also like the idea of better/faster/cheaper generic manufacturers on off patent pharm.
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